Boost for Oriole Resources with £500k VAT rebate

Tim Livesey, chief executive of Oriole Resources PLC (LON:ORR), tells Proactive London's Andrew Scott they're set to receive a rebate of around £500,000 from the taxman.

Her Majesty's Revenue and Customs reversed its 2017 decision over value-added tax (VAT) rebates in November of last year.

Livesey says they're intending to use it to progress their new-frontier gold exploration programme in Cameroon, as well as pursue other opportunities in Africa and Europe.